Are there different types of alimony?
When the court awards alimony, the court order will specify the amount and duration. Spousal support payments may differ according to each situation. The duration will often be definite, but it can also be indefinite if the situation allows. If the payment is indefinite, it will end upon the death of the receiving ex-spouse. However, it does not always end when the paying ex-spouse dies. If the recipient spouse is not able to support himself or herself, the alimony may continue to be paid out of the estate or life insurance of the deceased spouse. Some alimony payments are made in a lump sum and others have a set payment schedule. There are also situations where an alimony trust may be the best option for paying spousal support. An alimony trust may be set up for the purpose of paying spousal support or it may be an existing trust that is used to make alimony payments from the trust’s proceeds. This may be a good option for an ex-spouse who is not able to make payments on his or her ow
